user
Write a response that appropriately completes the request.

### Instruction:
Describe the impact of industrialization on a country’s economy.

### Response:
assistant
Industrialization has a positive effect on a country’s economy by creating jobs, increasing productivity levels, creating economic growth, increasing wages and incomes, and increasing exports. It also creates new markets and industries, brings in foreign investment, and creates taxes. By increasing productivity, industrialization can improve standards of living and create a more sophisticated and diverse economy that produces a wide range of products, services, and technologies. Industrialization also encourages technological innovation and provides the necessary infrastructure for new advances in technology. Finally, it enables countries to participate in globalized trade, thus improving their overall economic standing.